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Nachmo Knitex Ltd (514328)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514328 NSE: Textile | Small Cap | Nachmo Knitex Share Price

BSE Share Price
Not Listed

Nachmo Knitex Ltd (514328)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514328 NSE: Textile | Small Cap | Nachmo Knitex Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹1 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹-7.1
TTM Sales
₹31 Cr.
Book Value per Share
₹-24.2
P/E Ratio
0.00
Industry PE
36.6
Price to Book (P/B)
-0.02
In line with its 5-year historical median
Price to Sales (P/S)
0.02
In line with its 5-year historical median
EV/EBITDA
-28.92
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-22.55%
Underperforms industry median
Return on Assets (ROA)
-19.04%
Operating Profit Margin
2.2%
Net Profit Margin
-19.41%
Gross Profit Margin
-12.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
-28.15%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
37.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-51 Cr.
Equity
₹15 Cr.
Face Value
₹10
All Time Low / High
₹0.41 / 55.28

Nachmo Knitex stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Nachmo Knitex Ltd a good quality company?
Nachmo Knitex Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Nachmo Knitex Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Nachmo Knitex Ltd vs industry peers?
Nachmo Knitex Ltd revenue CAGR is -12.95%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Nachmo Knitex Ltd?
Promoters hold 37.11% of the Nachmo Knitex Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Nachmo Knitex Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Nachmo Knitex Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Jun'97Jun'98Jun'99Jun'00Dec'01Mar'04Mar'05Mar'06Mar'07Mar'08TTM
ROCE % 6.2%8.7%10%14%14.1%0%0%-6.2%-7%-22.6%-

Growth Parameters

Sales 23.34357.789.695.50093.866.447.731
Sales YoY Gr.-84.5%34.1%55.4%6.5%-100%NANA-29.2%-28.2%-
Adj EPS 2.932.73.10.100-5.8-3.1-3.2-7.1
YoY Gr.-5.2%-12.5%15.8%-98.4%-100%NANANANA-
BVPS (₹) 3738.139.741.427.7000.8-2.4-21.8-24.2
Adj Net
Profit
3.23.93.440.100-8.8-4.7-4.9-11
Cash Flow from Ops. -1.73.84.87.2-2.70010.81.60.5-
Debt/CF from Ops. -13.66.57.25.3-13.5005.334.3111.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.3%-13%NA-28.2%
Adj EPS -201.2%-330.2%NANA
BVPS-194.3%-195.3%NANA
Share Price - - - -

Key Financial Parameters

Jun'97Jun'98Jun'99Jun'00Dec'01Mar'04Mar'05Mar'06Mar'07Mar'08TTM
Return on
Equity %
7.18.36.87.50.200-31.9394.726.830.8
Op. Profit
Mgn %
9.914.117.21713.200-0.9-0.52.2-6.5
Net Profit
Mgn %
13.89.164.40.100-9.3-7.1-10.2-34.4
Debt to
Equity
0.50.50.70.710048.8-15.8-1.7-
Working Cap
Days
0191159124125001801551370
Cash Conv.
Cycle
0991151019400130111680

Profit And Loss

(All Figures are in Crores.)
PARTICULARSJun'97Jun'98Jun'99Jun'00Dec'01Mar'06Mar'07Mar'08
Sales23.3042.9957.6689.61143.2193.7566.4047.71
Operating Expenses + 21.0536.9347.8274.48124.3894.6366.7652.93
Manufacturing Costs4.667.7710.278.8216.5011.4910.1011.35
Material Costs14.6125.9633.4259.9998.1375.3248.7128.40
Employee Cost 0.321.341.893.095.014.714.144.30
Other Costs 1.471.862.232.574.743.113.808.89
Operating Profit 2.266.059.8515.1418.83-0.88-0.35-5.23
Operating Profit Margin (%) 9.7%14.1%17.1%16.9%13.1%-0.9%-0.5%-11.0%
Other Income + 2.261.410.620.540.760.160.140.06
Exceptional Items 000000.0300
Interest 0.311.733.97813.703.580.820.60
Depreciation 0.371.342.533.305.444.473.683.47
Profit Before Tax 3.844.393.964.380.45-8.73-4.72-9.23
Tax 0.660.500.540.450.370.030.020.03
Profit After Tax 3.183.893.433.930.08-8.76-4.74-9.26
PAT Margin (%) 13.7%9.1%6.0%4.4%0.1%-9.4%-7.1%-19.4%
Adjusted EPS (₹)2.93.02.73.10.1-5.8-3.2-6.2
Dividend Payout Ratio (%)68.50%39.70%37.50%32.80%0%0%0%0%

Valuation of Nachmo Knitex - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSJun'97Jun'98Jun'99Jun'00Dec'01Mar'06Mar'07Mar'08

Equity and Liabilities

Shareholders Fund + 41.2349.6351.5453.9053.831.17-3.57-32.67
Share Capital 9.9012.8712.8712.8712.8715.0315.0315.03
Reserves 31.3336.7638.6741.0340.96-13.85-18.60-47.70
Debt +22.3124.3334.8738.1655.5157.0156.2256.65
Long Term Debt22.3124.3334.8738.1655.5157.0156.2256.65
Short Term Debt00000000
Minority Interest00000000
Trade Payables3.202.631.660.701.266.048.098.55
Others Liabilities 6.983.753.725.5910.383.122.731.24
Total Liabilities 73.7180.3491.7898.34120.9767.3563.4733.77

Fixed Assets

Net Fixed Assets +18.0237.9347.3044.8239.6824.6521.0917.85
Gross Block19.4140.6452.2353.0253.2952.4452.2852.47
Accumulated Depreciation1.392.714.948.1913.6127.8031.1934.62
CWIP 13.161.850.930.750000
Investments 14.0314.0114.0113.9713.9813.9513.9513.94
Inventories5.866.9311.4413.0311.204.385.215.48
Trade Receivables6.1111.6711.2416.4835.4522.8121.751.21
Cash Equivalents 6.612.602.254.192.940.520.330.45
Others Assets 9.925.344.625.1017.721.041.14-5.15
Total Assets 73.7180.3491.7898.34120.9767.3563.4733.77

Cash Flow

(All Figures are in Crores.)
PARTICULARSJun'97Jun'98Jun'99Jun'00Dec'01Mar'06Mar'07Mar'08
Cash Flow From Operating Activity + -1.653.764.847.16-4.1110.801.640.51
PBT 3.844.393.964.380.45-8.73-4.73-9.23
Adjustment -1.700.252.313.115.314.503.729.88
Changes in Working Capital -3.2-1.61-5.06-7.83-23.0111.341.77-0.59
Tax Paid -0.89-0.97-0.25-0.49-0.41-0.040.06-0.06
Cash Flow From Investing Activity + -38.37-8.88-10.36-0.510.770.11-0.12-0.19
Capex -27.20-9.96-11.06-0.670.43-0.10-0.15-0.24
Net Investments -12.490.010-0-0.010.0200.01
Others 1.311.060.700.160.360.190.030.04
Cash Flow From Financing Activity + 46.151.115.16-4.712.08-11.75-1.71-0.21
Net Proceeds from Shares 28.432.080003.2000
Net Proceeds from Borrowing 00000000
Interest Paid -0.31-1.73-3.97-8-13.70-4.89-0.91-0.61
Dividend Paid -0.93-1.15-1.27-1.29-1.29-0-0-0
Others 18.951.9110.414.5717.07-10.06-0.800.40
Net Cash Flow 6.13-4.01-0.351.94-1.25-0.84-0.190.11

Financial Ratio

PARTICULARSJun'97Jun'98Jun'99Jun'00Dec'01Mar'06Mar'07Mar'08
Ratios
ROE (%)7.758.636.857.530.15-32.06N/AN/A
ROCE (%)6.188.719.9613.9614.12-6.16N/AN/A
Asset Turnover Ratio0.320.560.670.941.3111.020.98
PAT to CFO Conversion(x)-0.520.971.411.82-51.38N/AN/AN/A
Working Capital Days
Receivable Days95.7075.5072.5056.4066.20113.40122.5087.80
Inventory Days91.8054.3058.1049.8030.9030.3026.4040.90
Payable Days79.904123.407.203.6017.7053106.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Nachmo Knitex Ltd FAQs

The current trading price of Nachmo Knitex on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Nachmo Knitex stood at ₹0.68 Cr

The latest P/E ratio of Nachmo Knitex as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Nachmo Knitex as of 31-Dec-1969 is -0.02.

The 52-week high of Nachmo Knitex is ₹0.45 and the 52-week low is ₹0.45.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Nachmo Knitex is ₹31.00 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Nachmo Knitex Ltd is a average quality company.

No data found

No data found

About Nachmo Knitex Ltd

Nachmo Knitex was incorporated as a private limited company on April 23, 1981 and was subsequently converted into a public company on February 26, 1993. The company, earlier known as Nachmo Polyplast, it got its present name on February 24, 1995. The company is part of the Ashima group, one of India’s leading 100% cotton fabric manufacturers.

A range of textiles are manufactured such as piece-dyed shrink controlled 100% cotton knitted fabrics, mercerized and non mercerized, single jersey, interlock, rib, pique and other derivative structures; tubular and open width, yarn dyed shrink controlled 100% cotton knitted fabrics, feeder and auto stripes, weft corrected, compacted in open width roll form, lycra rib and flat knit accessories- collar, cuff, placket, plain, small structures and tipped, and high value-added products like melange. The knitted range constitutes fabrics for men, women and kidswear such as T-shirts and tops, loungewear, nightwear, undergarments and outerwear.

The manufacturing units are located in the Ahmedabad and Mehsana districts of Gujarat with installed capacities of 2,800 metric tonne par annum processed fabrics and 250 metric tonne per annum processed yarn. Fabrics are supplied to more than 150 Indian garment exporters, and the company has been exporting to over 45 countries in the Americas, Asia, Europe and the Middle East. Accumulated losses at the end of FY07 have exceeded the net worth of the company and the company has become a sick industrial undertaking.

The registered office of the company is located at 11, Ashima House, Kavi Nanalal Marg, Ellisbridge, Ahmedabad 380006.

Business area of the company

The company is engaged in the manufacture and sale of textile and related products.

Group companies

  • Ashima
  • Ashima Dyecot
  • Atrium Exports
  • Ashima Textiles Inc USA (100% subsidiary of Ashima)
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